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Depreciation of Infrastructure Assets & Resource Allocation Decision ...

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IA’S S DEFINED<br />

According to supply & demand<br />

characteristics ie:<br />

– a) ‘composite asset’ where life extended by<br />

replacement <strong>of</strong> components and;<br />

– b) demand for the service makes it desirable<br />

Implies ‘maintenance’ <strong>of</strong> infrastructure to<br />

ensure service provision

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